Why you should order an appraisalEvery year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are so high, even though there are an increasing number of automated home valuation processes that may appear less expensive than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a licensed, independent real estate professional might be beneficial? Of course. 
Challenge your tax assessmentIf you live in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Island House Appraisals Inc is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask home owners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. Island House Appraisals Inc can give you a statement regarding the value of your home, and the price you paid for the appraisal can often be offset in just a few months because you'll no longer be paying the PMI. Order your appraisal from Island House Appraisals Inc today Order todaySettle a divorce with fewer hang-upsA divorce is often complicated by the hard decision of who gets the house, and it can be a particularly daunting occurrence for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Island House Appraisals Inc so both parties are fully aware of the true market value of their home. The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Accurate and fair estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal. Move to or from Martin County for workWe are familiar with the headaches involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered during our detailed inspection. Close on your home quickly — for the right priceA professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price. On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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